Civic Intelligence

Fabscrap Inc.

990 • Fiscal year 2018 • EIN 81-3795981

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

Organization Profilefabscrap.org
PO Box 7559New York, NY 10150

(929) 276-3188

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • NTEE C • <$500k nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2018 filings • NTEE C • <$500k nonprofits • Source year 2018

Net Margin

67th percentile

21%

Higher net margin than 67% of similar nonprofits.

2018 filings • NTEE C • <$500k nonprofits • Source year 2018

Top Officer Pay

81st percentile

$27,104

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2018 filings • NTEE C • <$500k nonprofits • Source year 2018

Asset Growth

97th percentile

321%

Faster asset growth than 97% of similar nonprofits.

2018 filings • NTEE C • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

95th percentile

302%

Faster revenue growth than 95% of similar nonprofits.

2018 filings • NTEE C • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$93,439

Up $71,267 (+321%) from 2017

Net Assets

Up

$89,660

Up $76,614 (+587%) from 2017

Liabilities

Down

$3,779

Down $5,337 (-59%) from 2017

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin67th percentile

Revenue

Up

$371,065

Up $278,774 (+302%) from 2017

Expenses

Up

$294,461

Up $187,915 (+176%) from 2017

Net Income

Up

$76,604

Up $90,859 (+637%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2017: $22,172Liabilities 2017: $9,116Net Assets 2017: $13,0462017Assets 2018: $93,439Liabilities 2018: $3,779Net Assets 2018: $89,6602018Assets 2019: $221,608Liabilities 2019: $61,575Net Assets 2019: $160,0332019Assets 2020: $347,157Liabilities 2020: $255,349Net Assets 2020: $91,8082020Assets 2021: $633,771Liabilities 2021: $451,654Net Assets 2021: $182,1172021Assets 2022: $398,355Liabilities 2022: $273,094Net Assets 2022: $125,2612022Assets 2023: $237,459Liabilities 2023: $239,017Net Assets 2023: -$1,5582023Assets 2024: $1,619,720Liabilities 2024: $1,533,825Net Assets 2024: $85,8952024

Highlighted filing

2018

Assets$93,439
Liabilities$3,779
Net Assets$89,660
Open 2018 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $92,291Expenses 2017: $106,546Net Income 2017: -$14,2552017Revenue 2018: $371,065Expenses 2018: $294,461Net Income 2018: $76,6042018Revenue 2019: $624,728Expenses 2019: $584,657Net Income 2019: $40,0712019Revenue 2020: $673,859Expenses 2020: $742,084Net Income 2020: -$68,2252020Revenue 2021: $1,218,585Expenses 2021: $1,128,276Net Income 2021: $90,3092021Revenue 2022: $1,510,101Expenses 2022: $1,569,068Net Income 2022: -$58,9672022Revenue 2023: $1,238,779Expenses 2023: $1,415,358Net Income 2023: -$176,5792023Revenue 2024: $1,617,647Expenses 2024: $1,557,540Net Income 2024: $60,1072024

Highlighted filing

2018

Revenue$371,065
Expenses$294,461
Net Income$76,604
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$380,550
Mission and Program Overview

Mission

To maximize the value of unused fabric, fabscrap is a convenient and transparent service, is an affordable and accessible materials resource, and is educating and empowering a diverse community of changemakers.

Provide convenient pickup and recycling of commercial textil waste and fabric scraps from the design fashion and entertainment industries

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$22,002$85,232▲ $63,230
Accounts Receivable$170$5,299▲ $5,129
Land, Buildings, and Equipment, Net-$2,608-
Prepaid Expenses and Deferred Charges-$300-
Total Assets$22,172$93,439▲ $71,267
Liabilities
Accounts Payable and Accrued Expenses$9,116$3,779▼ $5,337
Total Liabilities$9,116$3,779▼ $5,337
Net Assets / Fund Balance
Unrestricted Net Assets$13,056$89,660▲ $76,604
Total Net Assets Fund Balance$13,056$89,660▲ $76,604
Total Liabilities and Net Assets / Fund Balance$22,172$93,439▲ $71,267

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,608$326-
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Camille D TagleDirector of ReuseFT$27,104$27,104
Jessica Dominguez HolduinExecutive DirectorFT$26,560$26,560

Board Members and Trustees

NameTitle
Dave HirschlerBoard President
Christine HunsickerBoard Member
Gary WassnerBoard Member
Rebecca MinkoffBoard Member
Nicholas Dominguez HolguinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$99,565
Program Service Revenue
$267,069
Investment Income
$12
Other Revenue
$4,419
All Other Contributions
$99,565
Change in Net Assets
$76,604
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$194,527
Salaries, Compensation, and Employee Benefits$99,934
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$54,785$9,668-$64,453
Current Officers, Directors, Trustees, and Key Employees$45,615$8,050-$53,665
Other Salaries and Wages$33,293$5,875-$39,168
Other Expenses$34,048$20-$34,048
Office Expenses$3,759$10,440-$14,199
Advertising$10,345--$10,345
Fees for Services Legal$9,670--$9,670
Payroll Taxes$6,036$1,065-$7,101
Travel$5,658$998-$6,656
Fees for Services Other$6,475--$6,475
Fees for Services Accounting$5,118--$5,118
Insurance$1,705$989-$2,694
Information Technology$1,309$231-$1,540
Conferences and Meetings$637$740-$1,377
Depreciation Depletion-$326-$326
Total Functional Expenses$256,059$38,402$0$294,461
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,485
Fundraising Gross Income$3,140
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 2

“Nicholas Dominguez Holguin is the Executive Director's spouse”

Part VI Line 11B

“The form 990 is prepared by an independent cpa firm.”

Part VI Line 11B

“A draft is delivered to the executive director.”

Part VI Line 12C

“Fabscrap has adopted a conflict of interest policy and an annual”

Part VI Line 12C

“Disclosure statement that is distributed, reviewed, signed and submitted by”

Part VI Line 19

“Fabscrap has adopted a conflict of interest policy and an annual”

Part VI Line 19

“Disclosure statement that is distributed, reviewed, signed and submitted by”

Part VI, Section B, Line 12C

“Distributed, reviewed, signed and submitted by all members of the board.”

Part VI, Section B, Line 12C

“The executive director reviews the signed statements. If a conflict were”

Part VI, Section B, Line 12C

“To arise, the individual would abstain from voting.”

Part VI, Section B, Line 19

“Conflict of interest policy and an annual disclosure statement that is”

Part VI, Section B, Line 19

“Distributed, reviewed, signed and submitted by all members of the board.”

Part VI, Section B, Line 19

“The executive director reviews the signed statements. If a conflict were”

Part VI, Section B, Line 19

“To arise, the individual would abstain from voting.”

Filing and Contact Details

Filer

Filer Name
Fabscrap Inc
EIN
81-3795981
In Care Of
% Jessica Dominguez Holguin
Phone
9292763188
Address
PO BOX 7559, New York, NY 10150

Signing Officer

Name
Jessica Dominguez Holguin
Title
Executive Director
Phone
9292763188
Signed
2019-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Dominguez Holguin
Formed
2016
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
4
Volunteers
1,804

Preparer

Firm
Nezaj & Co CPAs
Address
6 East 39th Street, SUITE 901, New York, NY 10016
Preparer
Erenik Nezaj
Phone
2123909495
Supplemental Narrative

Additional Explanations

Part III

“From fashion, design, and entertainment companies in nyc. Fabscrap works”

Part III

“With an engaged network of students, artists, crafters, local designers,”

Part III

“Industrial processors, and uses new technologies to reuse and recycle”

Part III

“Fabric to maximize its diversion from landfills.”

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Nicholas Dominguez Holguin is the Executive Director's spouse
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT IS DELIVERED TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FABSCRAP HAS ADOPTED A CONFLICT OF INTEREST POLICY AND AN ANNUAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DISCLOSURE STATEMENT THAT IS DISTRIBUTED, REVIEWED, SIGNED AND SUBMITTED BY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FABSCRAP HAS ADOPTED A CONFLICT OF INTEREST POLICY AND AN ANNUAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DISCLOSURE STATEMENT THAT IS DISTRIBUTED, REVIEWED, SIGNED AND SUBMITTED BY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FROM FASHION, DESIGN, AND ENTERTAINMENT COMPANIES IN NYC. FABSCRAP WORKS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8WITH AN ENGAGED NETWORK OF STUDENTS, ARTISTS, CRAFTERS, LOCAL DESIGNERS,
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9INDUSTRIAL PROCESSORS, AND USES NEW TECHNOLOGIES TO REUSE AND RECYCLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10FABRIC TO MAXIMIZE ITS DIVERSION FROM LANDFILLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DISTRIBUTED, REVIEWED, SIGNED AND SUBMITTED BY ALL MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12THE EXECUTIVE DIRECTOR REVIEWS THE SIGNED STATEMENTS. IF A CONFLICT WERE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13TO ARISE, THE INDIVIDUAL WOULD ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14CONFLICT OF INTEREST POLICY AND AN ANNUAL DISCLOSURE STATEMENT THAT IS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15DISTRIBUTED, REVIEWED, SIGNED AND SUBMITTED BY ALL MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16THE EXECUTIVE DIRECTOR REVIEWS THE SIGNED STATEMENTS. IF A CONFLICT WERE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17TO ARISE, THE INDIVIDUAL WOULD ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14PART VI, SECTION B, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15PART VI, SECTION B, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16PART VI, SECTION B, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17PART VI, SECTION B, LINE 19
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IRS990/USAddress/AddressLine1Txt0PO BOX 7559
IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
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IRS990/WebsiteAddressTxt0http://fabscrap.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JESSICA DOMINGUEZ HOLGUIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum09292763188
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FABSCRAP INC
ReturnHeader/Filer/BusinessNameControlTxt0FABS
ReturnHeader/Filer/EIN0813795981
ReturnHeader/Filer/InCareOfNm0% Jessica Dominguez Holguin
ReturnHeader/Filer/PhoneNum09292763188
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 7559
ReturnHeader/Filer/USAddress/CityNm0New York

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$93,439
Liabilities
$3,779
Net assets
$89,660
Revenue
$371,065
Expenses
$294,461
Net income
$76,604
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.62$1.53$0.09$1.62$1.56$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.00$1.24$1.42$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.40$0.27$0.13$1.51$1.57$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.45$0.18$1.22$1.13$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.26$0.09$0.67$0.74$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.06$0.16$0.62$0.58$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.37$0.29$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.09$0.11$0.01